 "Paytm founder Vijay Shekhar Sharma.")
SoftBank-backed Paytm plans to invest up to $2.5 billion to grow its nascent online shopping portal business within 3-5 years as it eyes top spot by beating Flipkart and Amazon, its founder Vijay Shekhar Sharma said.
Paytm E-commerce Pvt Ltd, which operates an online shopping portal for digital and physical goods, is latest to enter the e-commerce space where rivals Amazon and Flipkart are pouring in billions of dollars to boost market share.
In an interview to PTI, Sharma, 38, exuded confidence that Paytm's e-commerce unit - Paytm Mall - has a "real good shot" at reaching the top spot even though
